target $7.75, page-29

hard rider mid $6 is too low, when u have contract Hard Rider Mid $6 is too low, when u have contracts in place

Recently they have major Taipower, Cargill, and granting of lease and approval for Wilpijong, these are worth 100s of millions already in revenue

Plus coal prices in Jan/Feb 06 moving up fast,from low of $37/tonne in Nov 05 now $47/tonne in Feb 06

http://www.globalcoal.com

Costs blowouts? only Millenium i can see atm based on the reports

at $7 PE is only 14 with EPS about 50c/share

But 2007 they expect 85c/share, forward PE of 8
But 2008 they expect 108c/share, forward PE of 6.5

ALso in their report, growth also in 2009 and 2010 of 10-15%.

$7 is too low imo, even assumign Thermal Coal Prices dont rise!

thx

MS